Industry (including construction), value added in Vanuatu
Vanuatu: Industry (including construction), value added was 15.56 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Vanuatu, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Vanuatu stood at 15.56 billion constant LCU. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 11.0% on the previous year and up 90.6% over ten years.
Over the whole period, industry (including construction), value added in Vanuatu peaked at 15.56 billion constant LCU in 2024 and was at its lowest, 4.30 billion constant LCU, in 1983.
Vanuatu ranks 140th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Industry (including construction), value added in Vanuatu, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1979 | 5.95 billion constant LCU | — |
| 1980 | 5.55 billion constant LCU | -6.7% |
| 1981 | 5.26 billion constant LCU | -5.2% |
| 1982 | 6.63 billion constant LCU | +26.0% |
| 1983 | 4.30 billion constant LCU | -35.1% |
| 1984 | 4.44 billion constant LCU | +3.3% |
| 1985 | 4.90 billion constant LCU | +10.2% |
| 1986 | 4.95 billion constant LCU | +1.1% |
| 1987 | 6.49 billion constant LCU | +31.1% |
| 1988 | 6.51 billion constant LCU | +0.3% |
| 1989 | 6.50 billion constant LCU | -0.1% |
| 1990 | 7.32 billion constant LCU | +12.5% |
| 1991 | 7.02 billion constant LCU | -4.1% |
| 1992 | 6.40 billion constant LCU | -8.8% |
| 1993 | 6.22 billion constant LCU | -2.7% |
| 1994 | 7.85 billion constant LCU | +26.1% |
| 1995 | 7.69 billion constant LCU | -2.0% |
| 1996 | 6.88 billion constant LCU | -10.6% |
| 1997 | 6.62 billion constant LCU | -3.7% |
| 1998 | 6.90 billion constant LCU | +4.2% |
| 1999 | 6.89 billion constant LCU | -0.1% |
| 2000 | 9.44 billion constant LCU | +37.1% |
| 2001 | 7.45 billion constant LCU | -21.1% |
| 2002 | 6.10 billion constant LCU | -18.1% |
| 2003 | 5.83 billion constant LCU | -4.6% |
| 2004 | 5.70 billion constant LCU | -2.2% |
| 2005 | 6.00 billion constant LCU | +5.3% |
| 2006 | 7.49 billion constant LCU | +25.0% |
| 2007 | 6.74 billion constant LCU | -10.1% |
| 2008 | 8.59 billion constant LCU | +27.5% |
| 2009 | 10.96 billion constant LCU | +27.6% |
| 2010 | 12.29 billion constant LCU | +12.2% |
| 2011 | 9.94 billion constant LCU | -19.1% |
| 2012 | 7.74 billion constant LCU | -22.2% |
| 2013 | 8.39 billion constant LCU | +8.4% |
| 2014 | 8.16 billion constant LCU | -2.7% |
| 2015 | 11.57 billion constant LCU | +41.8% |
| 2016 | 11.97 billion constant LCU | +3.4% |
| 2017 | 12.73 billion constant LCU | +6.4% |
| 2018 | 13.38 billion constant LCU | +5.1% |
| 2019 | 12.30 billion constant LCU | -8.1% |
| 2020 | 12.34 billion constant LCU | +0.3% |
| 2021 | 12.30 billion constant LCU | -0.4% |
| 2022 | 12.20 billion constant LCU | -0.8% |
| 2023 | 14.02 billion constant LCU | +14.9% |
| 2024 | 15.56 billion constant LCU | +11.0% |
Vanuatu compared with similar countries
- Vanuatu's 15.56 billion constant LCU is below the median for lower middle income countries, which is 119.95 billion constant LCU, 13% of the median. (47 countries reporting)
- Vanuatu's 15.56 billion constant LCU is below the median for East Asia & Pacific, which is 154.77 billion constant LCU, 10% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.95 billion constant LCU | 5.95 billion constant LCU | 5.95 billion constant LCU | 1 |
| 1980s | 5.55 billion constant LCU | 4.30 billion constant LCU | 6.63 billion constant LCU | 10 |
| 1990s | 6.98 billion constant LCU | 6.22 billion constant LCU | 7.85 billion constant LCU | 10 |
| 2000s | 7.43 billion constant LCU | 5.70 billion constant LCU | 10.96 billion constant LCU | 10 |
| 2010s | 10.85 billion constant LCU | 7.74 billion constant LCU | 13.38 billion constant LCU | 10 |
| 2020s | 13.28 billion constant LCU | 12.20 billion constant LCU | 15.56 billion constant LCU | 5 |
Countries ranked near Vanuatu
More economy & growth data for Vanuatu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.2699 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.79 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 8.5 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.86 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 211.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0222 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 88.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Vanuatu?
- Industry (including construction), value added in Vanuatu was 15.56 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Vanuatu?
- The highest recorded value was 15.56 billion constant LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Vanuatu?
- The lowest recorded value was 4.30 billion constant LCU in 1983.
- How does Vanuatu rank for industry (including construction), value added?
- Vanuatu ranks 140th out of 200 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Vanuatu?
- Over the last ten years it is up 90.6%. The long-run trend across the full record is rising.
- Where does this Vanuatu data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.